Sanjay Kumar Agrawal will be relieved from his duties effective from the close of business hours on 8 January 2025.
Man Industries is a leading manufacturer and exporter of large-diameter carbon steel line pipes for various high-pressure transmission applications for gas, crude oil, petrochemical products, and potable water.
The company's consolidated net profit slipped 18.4% to Rs 31.86 crore on a 20.8% decline in revenue from operations to Rs 806.23 crore in Q2 FY25 over Q2 FY24.
Shares of Man Industries (India) rallied 6.46% to end at Rs 349.40 on 8 January 2025.
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